Plus500 (LON:PLUS) Stock Crosses Below 200-Day Moving Average of $1,572.64

Shares of Plus500 Ltd. (LON:PLUS) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,572.64 ($19.86) and traded as low as GBX 1,394 ($17.61). Plus500 shares last traded at GBX 1,398 ($17.66), with a volume of 157,379 shares traded.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,300 ($29.05) target price on shares of Plus500 in a report on Tuesday, July 11th.

Plus500 Stock Down 0.3 %

The company has a debt-to-equity ratio of 1.95, a quick ratio of 3.89 and a current ratio of 3.80. The stock has a market capitalization of £1.13 billion, a PE ratio of 602.59, a PEG ratio of 0.24 and a beta of -0.02. The business has a 50 day moving average of GBX 1,466.46 and a two-hundred day moving average of GBX 1,572.64.

Plus500 Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, November 9th. Investors of record on Thursday, August 24th will be paid a dividend of $0.73 per share. This is a boost from Plus500’s previous dividend of $0.32. This represents a dividend yield of 4.04%. The ex-dividend date is Thursday, August 24th. Plus500’s dividend payout ratio is 2,155.17%.

Plus500 Company Profile

Plus500 Ltd., a fintech company, operates technology-based trading platformsin Europe, the United Kingdom, Australia, and internationally. The company operates an online and mobile trading platform within the contracts for difference (CFDs) sector enabling its international customer base of individual customers to trade CFDs on underlying financial instruments comprising shares, indices, commodities, options, ETFs, foreign exchange, and cryptocurrencies internationally.